Mr Harris said Redflow had made further progress executing on its growth strategy during Q2. “Revenue for the quarter was steady, which means that revenue for just the first half of FY20 will exceed the total revenue generated by our business in FY19,” he said.

“I am also very happy to announce that we received our R&D tax rebate of over $2m which is a 15% increase over the previous year. Q2 was also the quarter where we were able to name two key strategic end customers, the Rural Connectivity Group (RCG) in New Zealand and Vodacom in South Africa. Both have begun deploying our batteries.”

Other highlights from the past quarter include:

Attractive growth opportunities for Redflow batteries in South Africa and sub-Saharan Africa due to increasingly severe power outages in South Africa and frequent theft or vandalism of lead-acid batteries

Delivery of Redflow’s unique, compelling solution for the telco market, based on its long duration batteries, with an ability to work in harsh conditions, and anti-theft features

A remote WA deployment of Redflow’s temperature-tolerant batteries, which are well-suited for the Australian rural community requiring an energy storage solution that can thrive in harsh conditions without the fire risk of other chemistries.

“In summary, we have made very good progress over the last 3 months and are very focused on converting initial orders with key customers into run rate business and generating new business with new customers,” said Mr Harris.

Click below to view the full video presentation by Tim Harris (length five minutes 48 seconds).

One of Africa’s leading telecommunication companies Vodacom is deploying Redflow zinc-bromine flow batteries at mobile base stations in South Africa to reduce the vandalism and theft associated with lead-acid and lithium batteries.

This development provides meaningful external validation by a major player in the African telco market of Redflow’s belief that the ZBM2 battery’s resistance to theft and vandalism is an important competitive advantage for the product in the large African market and other emerging economies.

In this interview, Mr Strachan – a self-described “lover of the oil and gas game” – examines how Redflow has grown to become an Australian-owned technology leader in the area of battery energy storage with a market capitalisation of about $46m.

Redflow’s zinc-bromine flow battery technology is ideally suited for stationary power storage applications that shift energy availability from intermittent generation sources such as wind and solar photovoltaic, enabling that power to be used at night, or when the wind is not blowing.

Mr Harris describes Redflow’s zinc-bromine flow battery as more of a marathon runner than a sprinter for energy storage. “We see ourselves very much as the workhorse of the renewable energy storage ecosystem,” he said.

In this 25-minute interview, Tim Harris outlines his telecommunications industry background, the unique benefits of Redflow’s batteries and the exciting opportunities the company is targeting.

Redflow has identified off-grid and micro-grid applications, including the supply of power to remote telecommunications facilities and remote communities, where traditional back-up generation can also play a part. Redflow’s product has a long working life and can be cycled continuously, coming with a 3650 full-cycle warranty, which far outstrips its peers in the battery storage industry.

Zinc-bromine flow batteries from Redflow have stored and supplied more than 50 MWh (megawatt-hours) of renewable energy for a Vodafone telecommunications tower in New Zealand during the past three years.

Vodafone NZ’s Kauaeranga Valley tower site is located east of Thames by the Coromandel Forest Park in a remote part of New Zealand’s North Island, Sites such as the Kauaeranga Valley are so remote that it is unfeasible to lay or connect power cables. Alternative power sources, such as diesel generators, come with their own set of challenges including a second generator for redundancy, high maintenance costs and expensive and difficult diesel deliveries.

Vodafone New Zealand has met the challenge of bringing broadband connectivity to the remote site, where no grid power is available, by deploying a best-in-class green energy cell site, powered by Vertiv’s Hybrid Energy Storage System (HESS) with energy stored by Redflow batteries. The site, which contains five Redflow ZBM2 zinc-bromine flow batteries, has improved mobile phone coverage and high-speed wireless broadband for thousands of locals and visitors in the region.

Australia’s Chief Scientist Dr Alan Finkel recently visited the Knox City Council’s state-of-the-art Children and Family Centre at Wantirna South in Melbourne to learn about the adoption and operation of Redflow zinc-bromine flow batteries which provide energy to the Centre.

Knox City Council has
built two state-of-the-art early years facilities in Melbourne’s outer east –
one at Wantirna South and the other at Bayswater – designed to last for 100
years, with leading-edge insulation, power conservation and renewable energy
systems.

Each Knox Children
and Family Centre contains 18 Redflow ZBM2 zinc-bromine flow batteries –
capable of storing 180 kilowatt-hours (kWh) of energy at each site – to ensure
its renewably-sourced energy is available around the clock. Combined with 100
kilowatts peak (kWp) of solar panels on the roof of each building, Knox City
Council expects this renewable energy system will save hundreds of thousands of
dollars a year in energy costs.

The New Zealand Rural
Connectivity Group (RCG) has chosen Redflow zinc-bromine flow batteries to
store energy in off-grid telecommunication sites in remote rural locations. Commercial
negotiations to establish a direct relationship between RCG and Redflow to
purchase batteries are now underway.

Queensland-based Redflow has developed world-leading energy storage technology by designing batteries that can deliver 100 per cent of their stored energy every day for 10 years without losing their storage capacity. Redflow batteries, which operate in warm climates without problems, are made from components that are easily recycled or reused at the end of the battery’s life.

The State Government-organised Renewable Energy Pop-up will run from 8am-6pm this Thursday, November 14, 2019, at King George Square, Brisbane’s premier public square located in front of Brisbane City Hall in the CBD.

Redflow Managing Director and CEO, Tim Harris reports on progress with Redflow’s 10-battery deployment in China, which is part of the Haidong Transportation Group’s Smart Grid Project in Qinghai Province.

WA homes that installed solar systems a decade ago are already losing the 40-cents per kilowatt-hour (KWh) feed-in tariff, introduced by the State Government to encourage the installation of solar panels. The 10-year feed-in tariff will end in 2021.